Rent To Own Homes in East Rutherford, NJ

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Home Value Estimator For East Rutherford, NJ

There are currently 2,055 real estate properties in East Rutherford, NJ, with a median automated valuation model (AVM) price of $607,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Rutherford, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in East Rutherford, NJ, is $596,439.00, with the most expensive house in East Rutherford, NJ, topping out at $4,769,443.00 and the cheapest home in East Rutherford, NJ, clocking in at $116,146.00. In other words, there’s something for every potential homebuyer or savvy investor in East Rutherford, NJ!

Rent Prices In East Rutherford, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Rutherford, NJ, is on a rollercoaster ride. The average rent price in East Rutherford, NJ, is $2,188.00. Indeed, when looking to rent in East Rutherford, NJ, you can expect to pay as little as $1,330.00 or as much as $6,040.00, with the average rent median estimated to be $2,170.00. The good news is that finding an affordable and desirable property to rent in East Rutherford, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In East Rutherford, NJ In 2024

East Rutherford is located in Bergen, New Jersey, with an estimated municipal population of 9,687 residents. All of the best foreclosed homes for sale in East Rutherford are located in the following zip code areas on 07073. The estimated population per square kilometer (.62 miles) in East Rutherford is 1,007.

Cost Of Living In East Rutherford, NJ

So, about how much do homes cost in East Rutherford? The most recent median value of resident-owned homes in East Rutherford is 386,213. An estimated 34.2 percent of households in East Rutherford own their homes, with an average family size of 3.02. The median household income in East Rutherford is 80,896, with37.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Rutherford, the median commute time of resident workers (in minutes) is 30.9. And last, but certainly not least, are you looking for homes to rent in East Rutherford? If so, the average rent price paid by renters in East Rutherford is 1,586, according to recent statistics.

Diversity And Demographics In East Rutherford, New Jersey

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to East Rutherford, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in East Rutherford is 35.7, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in East Rutherford is 50.3, with an average family size of 3.02.

The percentage of residents who report their race in East Rutherford is as follows:

White 68.3%
Black / African American 6.1%
Asian 17.6%
American Indian / Alaskan Native 0.9%
Native Hawaiian / Other Pacifc Islander 0.3%
Multi-racial 2.8%
Other 4%

Looking for family-friendly neighborhoods in and/or near East Rutherford? Or maybe you are searching for 55+ active adult communities in and/or near East Rutherford?

The percentage of residents who report their age in East Rutherford is as follows:

Under 10 9.9%
Aged 10-19 10.1%
20s 14.4%
30s 21%
40s 11.9%
50s 9.2%
60s 11.7%
70s 7.2%
80+ 4.8%

Best Schools In East Rutherford, New Jersey

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in East Rutherford with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Rutherford.

Pros And Cons Of Living In East Rutherford, New Jersey

How do you know that living in -- or moving to -- East Rutherford is right where you need to be? Perhaps you grew up in East Rutherford or already live nearby; therefore, the decision to buy a home in East Rutherford is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Rutherford for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in East Rutherford:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Rutherford.

Reasons To Move To East Rutherford, New Jersey, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Rutherford can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Rutherford, meanwhile, can field multiple offers from more qualified buyers.

East Rutherford, NJ Rent To Own Homes


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